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Alternative Market Briefing Weekly

Opalesque Roundup: More hedge funds faced closure in the week: hedge fund news, week 47

Saturday, November 24, 2018

Also in the week ending November 23rd 2018, a number of hedge funds have closed their doors. Macquarie Group has shut Asia's oldest quantitative equity hedge fund after a poor performance in recent years. PCA Investments Holding Co, Ltd, a joint venture between the China Investment Corporation (CIC) and PCA Partners, was a multi-strategy hedge fund that has also closed down. In another major development, JPM Asset Management has liquidated the capital structure-focused mixed-asset fund overseen by Natalia Bucci and Paul Levene.

Meanwhile, gyrations in the natural gas and oil markets have claimed at least one hedge fund victim. Accounts belonging to Tampa-based Optionsellers.com, which specializes in writing commodities options for high net-worth investors, have been liquidated.

Investcorp announced the launch of its Strategic Capital Partners strategy, which will focus on minority equity investments in mid-sized alternative asset managers; Crestline Investors raised $600m for new fund; DeVere, which claims to have over $10 billion under advice and management, has officially launched an actively managed crypto investment fund and US investment house Cooper Creek Partners has launched its long-running North America Long Short Equity fund on MontLake's Ucits platform.

Meanwhile, Canadian mutual funds are getting ready to launch liquid alternatives and hedge funds.

In oth......................

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